CocaCola Company (The) $KO Shares Sold by Doliver Advisors LP

Key Points

• Doliver Advisors LP reduced its holdings in CocaCola by 54.6%, now owning 5,222 shares valued at $369,000.
• CocaCola reported $0.87 EPS in its last quarterly earnings, exceeding analyst estimates of $0.83, with revenues of $12.50 billion.
• The company declared a quarterly dividend of $0.51 per share, which will be paid on October 1st, representing an annualized yield of 3.0%.

Doliver Advisors LP trimmed its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 54.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,222 shares of the company's stock after selling 6,279 shares during the period. Doliver Advisors LP's holdings in CocaCola were worth $369,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KO. New Republic Capital LLC increased its holdings in shares of CocaCola by 1.6% in the 1st quarter. New Republic Capital LLC now owns 8,662 shares of the company's stock valued at $625,000 after acquiring an additional 139 shares during the last quarter. Alteri Wealth LLC increased its holdings in shares of CocaCola by 2.1% in the 1st quarter. Alteri Wealth LLC now owns 6,874 shares of the company's stock valued at $492,000 after acquiring an additional 140 shares during the last quarter. Deseret Mutual Benefit Administrators increased its holdings in shares of CocaCola by 0.7% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 20,099 shares of the company's stock valued at $1,439,000 after acquiring an additional 143 shares during the last quarter. MBA Advisors LLC increased its holdings in shares of CocaCola by 1.2% in the 1st quarter. MBA Advisors LLC now owns 12,443 shares of the company's stock valued at $891,000 after acquiring an additional 143 shares during the last quarter. Finally, BXM Wealth LLC increased its holdings in shares of CocaCola by 4.3% in the 1st quarter. BXM Wealth LLC now owns 3,532 shares of the company's stock valued at $253,000 after acquiring an additional 144 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CocaCola news, insider Nikolaos Koumettis sold 37,396 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $69.10, for a total transaction of $2,584,063.60. Following the completion of the sale, the insider directly owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This trade represents a 15.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% of the company's stock.

CocaCola Stock Performance

Shares of NYSE KO traded down $0.62 during trading hours on Friday, reaching $67.00. The stock had a trading volume of 18,684,181 shares, compared to its average volume of 16,302,069. The firm has a market cap of $288.35 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 3.49 and a beta of 0.43. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 1.49. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The firm has a 50-day moving average of $69.29 and a 200-day moving average of $70.37.

CocaCola (NYSE:KO - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. CocaCola had a return on equity of 44.91% and a net margin of 25.89%.The firm had revenue of $12.50 billion during the quarter, compared to analysts' expectations of $12.55 billion. During the same period in the prior year, the firm earned $0.84 EPS. The business's revenue was up 2.5% on a year-over-year basis. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. Equities research analysts predict that CocaCola Company will post 2.96 earnings per share for the current year.

CocaCola Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. CocaCola's dividend payout ratio (DPR) is presently 72.34%.

Analysts Set New Price Targets

A number of research firms have recently commented on KO. BNP Paribas reiterated an "outperform" rating and issued a $83.00 price objective on shares of CocaCola in a report on Monday, July 21st. UBS Group dropped their price objective on CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday. JPMorgan Chase & Co. increased their price objective on CocaCola from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Morgan Stanley reiterated an "overweight" rating and issued a $81.00 price objective on shares of CocaCola in a report on Monday, June 9th. Finally, Royal Bank Of Canada set a $76.00 target price on CocaCola and gave the company an "outperform" rating in a research report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $76.93.

CocaCola Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.